Caterpillar Inc. $CAT Position Lifted by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its Caterpillar position by 10.8% in the third quarter, bringing its holdings to 30,636 shares valued at approximately $24.8 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 beating estimates of $6.22 and revenue rising 23.7% year over year to $20.54 billion. The company also declared a quarterly dividend of $1.63 per share.
• CAT shares recently traded at $686.52, below their 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus and an average price target of $967.83. The stock has also faced insider selling, including a CEO sale of 32,401 shares.

Simplicity Wealth LLC grew its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,636 shares of the industrial products company's stock after purchasing an additional 2,997 shares during the period. Caterpillar comprises about 0.7% of Simplicity Wealth LLC's portfolio, making the stock its 22nd largest position. Simplicity Wealth LLC's holdings in Caterpillar were worth $24,839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Capital Management LLC grew its stake in Caterpillar by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 7,421 shares of the industrial products company's stock valued at $6,017,000 after acquiring an additional 38 shares during the period. Dudley Capital Management LLC increased its holdings in shares of Caterpillar by 19.2% in the third quarter. Dudley Capital Management LLC now owns 2,449 shares of the industrial products company's stock worth $1,986,000 after acquiring an additional 394 shares in the last quarter. Blodgett Wealth Advisors LLC raised its position in shares of Caterpillar by 3.6% during the third quarter. Blodgett Wealth Advisors LLC now owns 430 shares of the industrial products company's stock worth $349,000 after purchasing an additional 15 shares during the period. Gibbs Wealth Management raised its position in shares of Caterpillar by 26.3% during the third quarter. Gibbs Wealth Management now owns 3,570 shares of the industrial products company's stock worth $2,895,000 after purchasing an additional 743 shares during the period. Finally, Lantern Wealth Advisors LLC raised its position in shares of Caterpillar by 5.7% during the third quarter. Lantern Wealth Advisors LLC now owns 3,607 shares of the industrial products company's stock worth $2,925,000 after purchasing an additional 195 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

CAT opened at $686.52 on Friday. The business's 50-day moving average price is $798.82 and its two-hundred day moving average price is $855.65. Caterpillar Inc. has a 1 year low of $521.02 and a 1 year high of $1,073.46. The company has a market capitalization of $315.58 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 1.18 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.72 earnings per share. Equities analysts expect that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar's dividend payout ratio (DPR) is currently 28.06%.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Freedom Broker upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective for the company in a research report on Thursday, September 10th. Citigroup lowered their target price on Caterpillar from $1,100.00 to $950.00 and set a "buy" rating for the company in a research note on Monday, October 12th. DA Davidson raised their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Erste Group Bank lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $967.83.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.

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